Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).

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Reconnaissance Energy (Africa) Ltd > shorts are stubborn

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Comment by Matteo1234on Jan 05, 2023 3:37am

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Post# 35204205

RE:shorts are stubborn

PAPPY A 14 BAGGER.RECOMMENDED ACTION RECO equates to a high risk/high reward opportunity with well-defined near-term catalysts ♦ Maintain Buy rating and $14.00 price target. We continue to recommend to clients with suitable risk tolerance and investment objectives to accumulate shares at the current price levels. It is our view that there is a reasonable prospect that geological uncertainties will diminish over the next 6 months following an active exploration program the Company has announced, to support the risk/reward of share accumulation at current price levels

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